Annual report [Section 13 and 15(d), not S-K Item 405]

Fair Value Measurement

v3.26.1
Fair Value Measurement
12 Months Ended
May 31, 2026
Fair Value Disclosures [Abstract]  
Fair Value Disclosures [Text Block]

Note 9. Fair Value Measurement

The following table provides information by level for assets and liabilities that are measured at fair value on a recurring basis.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(in thousands)

 

May 31, 2026

 

 

May 31, 2025

 

 

Level

Assets:

 

 

 

 

 

 

 

 

Cash

$

 

1,194

 

$

 

534

 

 

 Level 1

Money market funds

 

 

1,607

 

 

 

11,369

 

 

 Level 1

U.S. treasuries

 

 

9,051

 

 

 

 

 

 Level 1

 

 

 

 

 

 

 

 

 

Liabilities:

 

 

 

 

 

 

 

 

Common stock

$

 

(14,847

)

$

 

 

 

 Level 1

Our investments in money market funds, U.S. treasuries and common stock are classified within Level 1 of the fair value hierarchy because they are valued using quoted market prices. The carrying value for these financial assets approximates fair value due to the near term maturities of the U.S. treasuries and money market funds.